Illinois Statutes
§ 20-106
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 20 - Retirement Systems Reciprocal Act
(Text of Section WITH the changes made by P.A. 98-599, which has been held unconstitutional) Sec. 20-106. Final average salary.
(a)"Final average salary": The average (or other) salary which is considered by a participating system in determining the amount of the retirement annuity or survivor's annuity.
(b)Earnings credits under all participating systems shall be considered by each system in determining final average salary, but subject to the limitations imposed by this amendatory Act of the 98th General Assembly for a participant in a defined contribution plan established under Article 2, 14, 15, or 16 of this Code. In calculating a proportional retirement or survivor's annuity based on these earnings credits, the participating system shall apply any limitations on earnings for annuit
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 20-106 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 88-593, eff. 8-22-94.)
Nearby Sections
15
§ 20-102
Terms defined§ 20-103
Effective date§ 20-104
Employee§ 20-105
Employer§ 20-106
§ 20-106§ 20-107
Governmental unit§ 20-108
Participating system§ 20-109
§ 20-109§ 20-110
Retirement annuity§ 20-111
Retirement system§ 20-112
Survivor's annuity§ 20-113
The 1955 Act§ 20-114
Benefits covered by this article